A Multifamily Property At 255 East 55th Street Purchased From Yossi Azour For $960,000
SOLD
$960,000
New York
See Similar DealsMultiFamily3,100 SF
Sold
SOLD
A Multifamily Property At 255 East 55th Street Purchased From Yossi Azour For $960,000
255 East 55th Street
See Similar DealsMultiFamily3,100 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$309
Total Square Footage:3100 SF
Transaction Type:Sale
This multifamily property located at 255 East 55th Street in the Brooklyn market comprises 3 units and spans a total of 3,100 square feet. The sale of this asset concluded at a price of $960,000, resulting in a price per unit of $320,000 and a price per square foot of $309.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $960,000
- Address: 255 East 55th Street
- Market: Brooklyn
- Units: 3
- Square Footage: 3,100
- Price Per Unit: $320,000
- Price Per Square Foot: $309
- Seller: Yossi Azour - A2Z Capital
- Broker: Nina Sabag - 5 Boro Realty
Yossi Azour of A2Z Capital acted as the seller in this transaction, while Nina Sabag from 5 Boro Realty served as the broker representing the seller, facilitating the sale process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$51,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,410.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,550.89
Annual Debt Service$54,610.68
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